Spyke
Why do people invest in gold so much? When there are much better returns in stocks, companies and funds
gug avatar
#DalalStreetBetsby@gug

Why do people invest in gold so much? When there are much better returns in stocks, companies and funds

In 1980, approximate numbers

  1. Gold~ $210/10g
  2. Gold~ ₹1700/10g
  3. Dow~ 850
  4. Nasdaq~ 145
  5. BSE Sensex~ 150
  6. USD-INR~ 8

Mar 2022 -

  1. Gold~ $1993/10g
  2. Gold~ ₹60K/10g
  3. Dow~ 32000
  4. Nasdaq~ 11700
  5. BSE Sensex~ 58000
  6. USD-INR~ 82
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Comments2
esxhan avatar
@esxhan

It's really a question of risk. Tomorrow if world war 3 starts and there is a nuclear winter. Those stocks and even usd for that matter will be worthless. Gold on the other hand is always something that has value because of its limited supply

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yd avatar
@ydreply

Limited supply on Earth*.

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